Marg Techno Projects Receives BSE In-Principal Approval for Proposed Rights Issue Up to Rs.65 Crores

Marg Techno Projects Limited has announced that it has received in-principal approval from BSE Limited for its proposed rights issue of equity shares up to Rs.65,00,00,000 (Sixty Five Crores). The intimation was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, read with Schedule III of the SEBI Listing Regulations.

BSE Approval for Proposed Rights Issue

The company disclosed that BSE Limited granted the in-principal approval vide their letter bearing reference number LOD/RIGHT/KS/FIP/176/2026-27 dated 05.05.2026. The proposed rights issue is being undertaken under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The key details of the approval are summarised below:

Parameter: Details Approval Type: In-Principal Approval Approving Authority: BSE Limited BSE Letter Reference No.: LOD/RIGHT/KS/FIP/176/2026-27 Approval Date: 05.05.2026 Issue Type: Rights Issue of Equity Shares Issue Size (Up to): Rs.65,00,00,000 (Sixty Five Crores) Applicable Regulation: SEBI (ICDR) Regulations, 2018 Intimation Regulation: Regulation 30, SEBI (LODR) Regulations, 2015

Regulatory Compliance and Disclosure

The intimation was filed by Marg Techno Projects Limited with both BSE Limited and the Metropolitan Stock Exchange of India Limited on 06.05.2026. The disclosure is in compliance with the requirements under Schedule III of the SEBI Listing Regulations. The company has also enclosed the in-principal approval letter received from BSE Limited dated 05.05.2026 as part of the regulatory filing. The communication was signed by Akhil Nair, Managing Director (DIN: 07706503), on behalf of the company.

Marg techno projects Limited successfully concluded its 1st Extra Ordinary General Meeting for F.Y. 2026-27 on April 17, 2026, with all five proposed resolutions receiving unanimous approval from shareholders, according to the scrutinizer's report released on April 18, 2026.

Meeting Overview and Proceedings

The Extra Ordinary General Meeting was conducted entirely through video conferencing facilities from 11:00 A.M. to 11:22 A.M. (IST), presided over by Chairman Mr. Akhil Nair. The meeting was held in compliance with Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Meeting Parameter: Details Date: April 17, 2026 Duration: 11:00 A.M. to 11:22 A.M. (IST) Mode: Video Conferencing (V.C.) / OAVM Chairman: Mr. Akhil Nair Scrutinizer: CS Jitendra R. Bhagat, Bhagat Associates

Voting Results and Shareholder Participation

CS Jitendra R. Bhagat, the appointed scrutinizer from Bhagat Associates, Surat, submitted the comprehensive voting report confirming that all resolutions were duly passed with requisite majority. The e-voting process was conducted through CDSL's platform with remote voting available from April 14-16, 2026.

Voting Statistics: Details Total Eligible Members: 1,615 Members Who Voted: 35 Remote E-voting Period: April 14 (09:00 hrs) to April 16 (17:00 hrs) Vote Unblocking: April 17, 2026 at 1:18 p.m.

Resolution-wise Voting Outcomes

All five resolutions received 100% approval from participating shareholders, with specific voting patterns varying based on director interest conflicts:

Corporate Structure Resolutions (Items 1-2)

Resolution: Votes in Favor Approval Rate Increase in Authorised Share Capital 11,786,322 votes (35 members) 100% Amendment in Memorandum of Association 11,786,322 votes (35 members) 100%

Director Remuneration Resolutions (Items 3-5)

For the three director remuneration resolutions, votes from interested parties were declared invalid as per regulatory requirements:

Resolution: Valid Votes Invalid Votes Approval Rate Mr. Akhil Nair (Managing Director) 4,920,152 (30 members) 6,866,170 (5 members) 100% Mr. Arun Nair (Whole-Time Director) 4,920,152 (30 members) 6,866,170 (5 members) 100% Mr. Dhananjayan Kakkat Nair (Whole-Time Director) 4,920,152 (30 members) 6,866,170 (5 members) 100%

Votes from Akhil Nair, Arun Nair, Reema Nair, Dhananjay Nair, and Madhavan Nair were considered invalid for remuneration resolutions due to their interest in the matters.

Regulatory Compliance and Documentation

The company maintained full regulatory compliance throughout the process, with proper documentation filed with BSE (Script Code: 540254) and Metropolitan Stock Exchange of India Limited (Script Code: 35404). Company Secretary Ms. Divya Shah coordinated the proceedings and ensured adherence to all statutory requirements.

The scrutinizer's report was prepared in accordance with Sections 108 and 109 of the Companies Act, 2013, and Rules 20 and 21 of the Companies (Management and Administration) Rules, 2014. All voting records and documentation will remain in the scrutinizer's custody until formal approval of the meeting minutes.

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